SB2808Introduced in the Senate
Relating To The Budget.
Introduced by Donovan Cruz, District 17
What does this bill do?
Plain-English breakdown
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Official description
Establishes the Defeasement Trust Fund within the Department of Budget and Finance for the defeasement of tax-exempt bonds to allow private use of state facilities financed by tax-exempt bonds. Requires the Department to consult with bond counsel before defeasement. Appropriates moneys in and out of the Defeasement Trust Fund for defeasement of certain tax-exempt bonds. Effective 7/1/3000. (HD1)
Where it stands
Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309.
May 1, 2026
How did lawmakers vote?
SenateStage: Senate Ways and Means: Passed, With Amendments · March 4, 2026
13
Yes
0
No
0
Absent or Not Voting
13 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Lorraine Inouye | 1 | Yes |
| Dru Kanuha | 3 | Yes |
| Tim Richards | 4 | Yes |
| Troy Hashimoto | 5 | Yes |
| Lynn Decoite | 7 | Yes |
| Sharon Moriwaki | 12 | Yes |
| Donna Kim | 14 | Yes |
| Glenn Wakai | 15 | Yes |
| Brandon Elefante | 16 | Yes |
| Donovan Cruz | 17 | Yes |
Bill history
Introduced.
Passed First Reading.
Referred to WAM.
The committee(s) on WAM has scheduled a public hearing on 03-02-26 10:00AM; Conference Room 211 & Videoconference.
The committee(s) on WAM deferred the measure until 03-04-26 10:32AM; Conference Room 211 & Videoconference.
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
Reported from WAM (Stand. Com. Rep. No. 2875) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
Report adopted; Passed Second Reading, as amended (SD 1).
48 Hrs. Notice 3/10/2026.
Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
Received from Senate (Sen. Com. No. 302) in amended form (SD 1).
Pass First Reading
Referred to FIN, referral sheet 17
Bill scheduled to be heard by FIN on Tuesday, 04-07-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
Reported from FIN (Stand. Com. Rep. No. 1988-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).
Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate.
Received from House (Hse. Com. No. 704).
Senate disagrees with House amendments.
Received notice of disagreement (Sen. Com. No. 710).
House Conferees Appointed: Takenouchi Chair; Kitagawa, Gedeon.
Received notice of appointment of House conferees (Hse. Com. No. 787).
Senate Conferees Appointed: Moriwaki Chair; Hashimoto, Fevella.
Received notice of Senate conferees (Sen. Com. No. 714).
Conference committee meeting scheduled for 04-30-26 11:00AM; CR 309.
Conference committee meeting to reconvene on 05-01-26 11:00AM; Conference Room 309.
Conference committee meeting to reconvene on 05-01-26 1:00 PM; Conference Room 309.
Conference committee meeting to reconvene on 05-01-26 3:30 PM; Conference Room 309.
Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309.
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